Craft beer set to dominate European markets until 2022

24 August, 2017

Market research firm Fact.MR has predicted that Europe will dominate the craft beer industry until 2022.

The firm has made the following estimations for the global craft beer market:

  • Europe will retain its dominance in the global craft beer market during 2017 to 2022.

  • Craft beer sales in Asia-Pacific excluding Japan will register the fastest expansion compared to all the other regional segments

  • Based on fermenting style, American sour craft beer will remain dominant in the market, accounting for approximately one third revenue share of the market over the forecast period.

  • Belgian Gueuze will continue to be the second largest fermenting style segment in the global craft beer market.

  • Based on distribution channels, craft beer sales in independent regional craft brewing companies and contract brewing companies will exhibit a parallel expansion until 2022.

  • Microbreweries will continue to be the most lucrative distribution channel in the global craft beer market.

  • Bocks are estimated to remain the fastest-selling product in the global craft beer market.

  • Brown ales will continue to be the most-lucrative craft beer, with sales poised to exceed revenues worth $4bn by the end of the forecast period.

  • Sales of pale ales will register a relatively lower compound annual growth rate than bocks, and comparatively higher CAGR than brown ales by 2022.

Fact.MR’s report identified key players in the global craft beer market, which includes North American Breweries Inc., SweetWater Brewing Company, LLC, Bells brewery Inc., Duvel Moortgat NV, Heineken Holding N.V., Anheuser-Busch InBev SA/NV, Sierra Nevada Brewing Co., Stone Brewing Co., D.G. Yuengling & Son, Inc. and The Boston Beer Company Inc.

Keywords: Fact.MR




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